The board of directors of the “Great Money Show” care about the tariff threats of President Donald Trump and their impact on the global economy.
President Donald Trump New tariffs include the rules that suspend a main business hole that Chinese retailers such as Shin and Teemu have been used to expand their access to US consumers, and because Criticized to the country.
Trump's executive instructions Tariffs imposed In China, Canada and Mexico, effective Tuesday contains the so -called “de minimis” suspension, which allows import cargo of less than $ 800 to enter the United States without duties and taxes. Trump stopped Mexico's tariffs for a month in Mexico for a month after President Claudia Shinboum, Claudia Shinboum, agreed to send 10,000 troops to the US and Mexico border.
De Minimis Law reduces administrative loads in low -cost imports. In 2015, the Obama administration has removed the threshold from $ 200 to the current $ 800 – which resulted in cargoes claiming that more than 600 percent increase in more than 600 percent over the past decade more than 600 percent to more than 1 billion. The fiscal year 2023 has increased. Customs and protection of the US border (CBP).
Chinese e -commerce giants have observed rapid growth in the US market through minimis cargoes of fast fashion, toys and other consumer goods for conscious consumers. A report on Congress Research Services (CRS) noted: Shin and TEMU for about 17 % of the US discount market from November 2023.
Pressure of the shin, Temeu accelerates retail closure
Chinese E -commerce operating systems have used de minimis cavity. (Davide Bonaldo/Sopa Images/LightroCket via Getty Images | Jakub Porzycki/Nurphoto/Fox News)
Rise Sheen and Temu According to Coresight Research, it has helped increase the closure of US retail stores. It is estimated that about 15,000 closures occurred in 2025 after 7323 in 2024 – the highest number of closures since 2020, when nearly 10,000 stores closed.
The precise reduction of shipping de minimis also to Fentanyl traffickingA synthetic opioid material that killed nearly 75,000 people in 2023.
Research by Reuters last year showed that they are capable of using the de Minimis cavity to import the leading chemicals for at least 3 million Fentanyl tablets due to transportation overseas, which deliberately mislead the packages as electronics. Do.
Donald Trump's tariffs on China, Canada and Mexico, the so -called “de minimis”, were closed for low -cost imports. (Chip somodevilla / getty images)
In Canada, “illegal narcotics flow to the United States through illegal distribution networks and international letters – about the latter, the existing administrative exemption from duty and tax, also known as de minimis, said in Canada.”
Issues related to the de Minimis cavity have attracted the attention of Congress and previous governments.
Early this month, output Office Suggested a law that destroys the minimum goods from China that are exposed to tariffs, while also requires carriers to insert 10 -digit tariff codes in packages so they can For customs officials to make illegal goods easier.
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The legislators have also raised concerns that allowed Chinese companies to carry products using the de Minimis cavity and to use careful consideration under the Uyghur (UFLPA) compulsory Labor Protection Act. This law aims to prevent goods made by Forced workThe wanted Muslim minority of the Chinese Communist Party, from entering the US market.
Reuters was involved in this report.